Insider Buying: Society Pass Incorporated (NASDAQ:SOPA) Director Buys 12,000 Shares of Stock

Society Pass Incorporated (NASDAQ:SOPA) Director Michael Paul Dunn, Jr. bought 12,000 shares of the stock in a transaction on Monday, February 3rd. The shares were acquired at an average cost of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the purchase, the director now owns 12,262 shares in the company, valued at $354,617,040. The trade was a 4,580.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Society Pass Price Performance

SOPA stock opened at $1.78 on Thursday. Society Pass Incorporated has a 1 year low of $0.73 and a 1 year high of $3.56. The firm has a market capitalization of $6.50 million, a PE ratio of -0.35 and a beta of 1.33. The business has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $1.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC bought a new stake in Society Pass Incorporated (NASDAQ:SOPA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.73% of Society Pass at the end of the most recent reporting period. Institutional investors and hedge funds own 3.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price target on shares of Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th.

About Society Pass

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.